Dear Traders, hope you are doing great, we have an update on GBPCAD, our previous setup moving in positive with 380 PIPS.The GBP/CAD currency pair has been on a downward trend this week, falling from a high of 1.6650 on Monday to a low of 1.6350 on Friday. The pair has been under pressure from a number of factors, including a stronger US dollar and a weaker...
Dear Traders,
GBP is expected to be a weaker due to DXY is gaining its strenght back, because of this main reason we may see CAD, AUD AND DXY dominating in coming weeks. Let's grab the opportunity and made some huge move.
Thanks for your continuous support!
GBPCAD price is near the support zone 1.67240 if the support is still working well. It is expected that in the short term there is a chance of a rebound. Buy in the red zone, target 1.68141 and 1.68867. >> GooD Luck 😊
Hello,Traders!
GBP-CAD is falling down
And the pair is locally
Oversold so I think that
We will see a local
Bullish correction from
The support level
Below at 1.655
Buy!
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✅GBP_CAD is about to retest a key structure level of 1.6551
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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Trading Idea:
Instrument: GBPCAD (British Pound/Canadian Dollar)
Position: Long
Buy Limit or Current Market Price (CMP): 1.66966
Stop Loss: 1.66195
Take Profit 1: 1.67755
Take Profit 2: 1.69409
Analysis:
You are looking to go long on GBPCAD at a buy limit or current market price of 1.66966.
Your stop loss is set at 1.66195, which represents the level where you...
Hey Traders,
We have had news from the US in the form of PPI and Retail Sales over the last hour as well as news from the ECB.
The GBPCAD alike many other FX is falling and we can plan future entries.
Watch for more.
GBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy .
EDUCATION
so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse
in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading...
Immediately there was a breakout on the Rising Wedge formation on boththe daily andweekly TF, I knew we were in for a roller coastal ride to the downside. My target remains 1.615 region.
Cheers, and have a profitable week ahead 👍 😀
After long time of great drop, GBPCAD already plotted into buy zone.
Strategy Buy, wait until significance reversal pattern.
Disclaimer: Use your money management wisely!
Based on the daily chart analysis, we can see that the price is falling toward our buy entry at1.6569, which is a swing low support that aligns with 161.8% Fibo extension
Our take profit will be at 1.6703 which is a pullback resistance level. The stop loss will be placed at 1.6352, which is a pullback support level.
High Risk Investment Warning
Trading...
The GBPCAD is currently situated within a key support zone. Despite the prevailing downtrend, the pair appears to be in oversold territory. This suggests a potential upward reversal or bounce in the near future.
Hey guys what is up, first things first here is the link to the original trade idea -
That being said I am still holding this trade days later. My reasoning why I like to hold trades like this is simple...this is what I believe trading should actually be like - isn't trading supposed to be passive?
Didn't you become a trader because you wanted a life of...
price trending bearish right now price is at my buy zone 1.66000 buyer are stepping in with a double rejection with buyers momentum i'm in for this long to 1.67500 to take full profit
Market Structure is KING!
Hey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for GBPCAD for the upcoming week. CAD News on Tuesday during the NY session. I'm looking to buy for a short-term pullback.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS...
